Case Study –Residential Mortgage | Complex Income

Value £715,000
Loan Amount £580,000
Property Location Wandsworth
LTV 85%
Achieved Rate 1.99%
Term 2-year fixed
Completed March 2022

The Client

Our clients, working as a Barrister and an Accountant required support in obtaining a mortgage for the purchase of their new home. In both professional fields, our clients will benefit from sharp increases in income. However, Applicant one, working as a Barrister, was in his first year of pupillage with only one year of accounts. Applicant two, working as an accountant, was at a firm that had recently been taken over by one of the top 5 global accountancy firms. Whilst at her previous firm she received a large annual bonus, at her current firm, she would not receive one for 8 months.